26,200 Constellium SE $CSTM Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. decreased its position in shares of Constellium SE (NYSE:CSTM) by 8.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 268,300 shares of the industrial products company’s stock after selling 26,200 shares during the quarter. Hennessy Advisors Inc.’s holdings in Constellium were worth $6,490,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in shares of Constellium in the 2nd quarter valued at $32,000. POM Investment Strategies LLC bought a new stake in shares of Constellium during the second quarter worth $32,000. USA Financial Formulas bought a new stake in shares of Constellium during the third quarter worth $44,000. GAMMA Investing LLC lifted its stake in shares of Constellium by 12.5% during the third quarter. GAMMA Investing LLC now owns 4,010 shares of the industrial products company’s stock valued at $97,000 after acquiring an additional 447 shares during the period. Finally, IFP Advisors Inc lifted its stake in shares of Constellium by 80.6% during the second quarter. IFP Advisors Inc now owns 5,837 shares of the industrial products company’s stock valued at $186,000 after acquiring an additional 2,605 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CSTM has been the topic of several recent research reports. Wells Fargo & Company decreased their price target on Constellium from $38.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. HSBC set a $35.00 price objective on Constellium in a report on Thursday. UBS Group cut their target price on shares of Constellium from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. JPMorgan Chase & Co. raised shares of Constellium from a “neutral” rating to an “overweight” rating and raised their target price for the company from $34.00 to $35.00 in a research note on Thursday, October 29th. Finally, Zacks Research lowered shares of Constellium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Constellium currently has a consensus rating of “Moderate Buy” and an average target price of $33.29.

Constellium Price Performance

CSTM opened at $22.95 on Tuesday. The company has a fifty day moving average price of $25.47 and a two-hundred day moving average price of $27.85. The firm has a market capitalization of $3.11 billion, a PE ratio of 5.60 and a beta of 1.57. Constellium SE has a 52 week low of $14.62 and a 52 week high of $36.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 1.43.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.11. Constellium had a return on equity of 51.47% and a net margin of 5.73%. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the business posted $0.62 EPS. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. As a group, analysts anticipate that Constellium SE will post 3.78 earnings per share for the current year.

Constellium Company Profile

Constellium SE (NYSE: CSTM) is a global manufacturer of aluminum products and components. The company develops and produces rolled, extruded and formed aluminum solutions for customers in the aerospace, automotive, packaging, transportation and industrial sectors.

Its products include aerospace plates and sheets, automotive body and structural components, aluminum beverage-can sheet, foil stock, extrusions and other engineered components. Constellium’s offerings are used in aircraft structures, vehicles, beverage and food packaging, rail transportation and various industrial applications.

Constellium was established in 2011 following the acquisition and combination of aluminum products businesses formerly associated with Alcan.